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This Week In Crypto
12 Feb 2026

$400 giveaway becoming a $40bn nightmare

BlockFills suspends withdrawals, echoing moves last seen in the 2022 bear market, while Bithumb accidentally sends thousands of BTC in a giveaway. In trending topics, we cover the Federal Reserve’s skinny master account initiative.
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BlockFills suspends withdrawals
Susquehanna-backed crypto lender BlockFills has halted client withdrawals and deposits during a sharp downturn in digital asset markets. The Chicago-based firm, which processed $60bn in trading volume in 2025 and serves around 2,000 institutional clients, said the suspension was introduced last week to protect clients and the company amid volatile market conditions. Clients are still permitted to open and close spot and derivatives positions in certain circumstances. The move echoes the 2022 crypto winter, when several major lenders froze with
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